Common use of Amendment/Binding Effect Clause in Contracts

Amendment/Binding Effect. This Agreement may not be amended, changed, modified, or altered unless such amendment, change, modification, or alteration is in writing and signed by all Parties to this Agreement. This Agreement shall inure to the benefit of and shall be binding upon the Parties and their respective successors and permitted assigns. LIHI shall notify Licensee, in writing, concerning any modification of the Certification ▇▇▇▇, and said modified Certification ▇▇▇▇ shall be deemed the ▇▇▇▇ licensed herein and said notification shall serve to amend Exhibit “C” effective upon receipt of such notice. Licensee shall have no less than sixty (60) days to take appropriate actions to comply with Exhibit “C” as amended. Amendments to the Handbook and the Marketing Guidelines shall be communicated to the Licensee in writing at least 60 days prior to going into effect, and Licensee shall be required to take appropriate action to comply with such amendments within 60 days of their effective date, consistent with this Agreement; however if LIHI amends the Certification Program Criteria, each Certified Project is not required to meet changes in Criteria until such time as the Certified Project is eligible for renewal of certification.

Amendment/Binding Effect. This Agreement may not be amended, changed, modified, or altered unless such amendment, change, modification, or alteration is in writing and signed by all both of the Parties to this Agreement. This Agreement shall inure to the benefit of and shall be binding upon the Parties and their respective successors and permitted assigns. LIHI shall notify Licensee, in writing, concerning any modification of the Certification ▇▇▇▇Mark, and said modified Certification ▇▇▇▇ Mark shall be deemed the ▇▇▇▇ mark licensed herein and said notification shall serve to amend Exhibit “C” effective upon receipt of such notice. Licensee shall have no less than sixty (60) days to take appropriate actions to comply with Exhibit “C” as amended. Amendments to the Handbook and the Marketing Guidelines shall be communicated to the Licensee in writing at least 60 days prior to going into effect, and Licensee shall be required to take appropriate action to comply with such amendments within 60 days of their effective date, consistent with this Agreement; however if LIHI amends the Certification Program Criteria, each Certified Project is not required to meet changes in Criteria until such time as the Certified Project is eligible for renewal of certification.